Data: Germany saw both some good and some bad news on the data front on Thursday. Inflation for October came in weaker than expected at 0.8% year-over-year, but the numbers were stable from September’s level. Economists had widely expected consumer prices to have risen 0.9%. On a EU-harmonized level, inflation slowed to 0.7%, down from 0.8% in September. Read: Eurozone inflation: Germany puts a lid on hopes

Meanwhile, joblessness in Germany unexpectedly dropped in October, with the number of unemployed people falling by 22,000. However, it wasn’t enough to also push the unemployment rate lower, which stayed at 6.7%.

Spain’s gross domestic product expanded by 0.5% in the third quarter, according to preliminary data, signaling that the recovery in the eurozone’s fourth-largest economy is on track. Meanwhile, Spanish consumer prices fell 0.2% on the year in October, an improvement from the 0.3% drop recorded in September.

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